Japan's inflation is set to reach 2% in April's reading, for the first time since 2015. But what about the weaker Yen?!
USD/JPY: bears made a new lows
2019-11-11 • Updated
Technical levels: support – 108.70; resistance – 109.70/90.
- Sell — 109.60; SL — 109.80; TP1 — 108.70; TP2 — 108.30.
Reason: expanding bearish Ichimoku Cloud, falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the prices keep staying under the Cloud.
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